Pigeon (OTCMKTS:PGENY) Shares Gap Down - Should You Sell?

Key Points

• Pigeon Corp shares fell from $3.42 to $3.27 during Thursday's market opening, indicating a potential decline in investor confidence.
• The company reported a net revenue of $197.33 million for the last quarter, which exceeded the consensus estimate of $195.90 million.
• Pigeon Corp has a market cap of $1.57 billion and a price-to-earnings ratio of 25.17, which may be factors to consider for potential investors.

Pigeon Corp (OTCMKTS:PGENY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $3.42, but opened at $3.27. Pigeon shares last traded at $3.27, with a volume of 205 shares changing hands.

Pigeon Price Performance

The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 25.17 and a beta of 0.09. The company's fifty day moving average price is $2.97 and its 200-day moving average price is $2.95.

Pigeon (OTCMKTS:PGENY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter. Pigeon had a net margin of 8.82% and a return on equity of 11.95%. The firm had revenue of $197.33 million for the quarter, compared to the consensus estimate of $195.90 million. On average, sell-side analysts forecast that Pigeon Corp will post 0.12 earnings per share for the current fiscal year.

About Pigeon

Pigeon Corporation, together with its subsidiaries, engages in the manufacture, sale, import, and export of baby and child-care products, maternity items, women's care products, home healthcare products, and nursing care products in Japan and internationally. The company operates in four segments: Japan Business, China Business, Singapore Business, and Lansinoh Business.

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